2024-03-21 00:37:36 ET
Summary
- Baytex is now projected to generate US$528 million in 2024 free cash flow at the current strip.
- This is US$138 million higher than it forecast in December 2023, as it benefits from improved oil prices and collars with a ceiling above the current strip.
- It paid approximately US$44 million for US$200 million in insurance related to its Canadian tax dispute.
- The cost of that policy suggests a high (75+%) chance of BTE winning that dispute.
Baytex Energy ( BTE ) currently is projected to generate US$528 million in 2024 free cash flow at current strip prices. This is around US$138 million more than Baytex's estimates from December 2023 , as it benefits from improved oil strip prices....
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Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 Million